Totals
- Total revenue
- $7,885,045
- Total expenses
- $7,847,623
- Contributions and grants received
- $150,000
- Grants paid
- $0
- Program service revenue
- $4,261,056
- Investment income
- $544,990
- Other revenue
- $2,928,999
- Total assets, end of year
- $16,659,746
- Total liabilities, end of year
- $2,215,072
- Net assets or fund balances, end of year
- $14,444,674
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$150,000
-
2a · Program service revenue: PROFESSIONAL DEVELOPMENT
total $2,429,652 · related or exempt $2,429,652
-
2b · Program service revenue: MEMBERSHIP DUES
total $978,129 · related or exempt $978,129
-
2c · Program service revenue: LEATHERNECK MAGAZINE
total $533,409 · related or exempt $247,300 · unrelated business $286,109
-
2d · Program service revenue: MARINE CORPS GAZETTE
total $319,866 · related or exempt $45,018 · unrelated business $274,848
-
3 · Investment income
total $403,874 · excluded $403,874
-
5 · Royalties
total $132,140 · excluded $132,140
-
6a · Gross rents
real property $91,520
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $91,520
-
6d · Net rental income or loss
total $91,520 · excluded $91,520
-
7a · Gross sales of assets other than inventory
securities $2,547,325
-
7b · Less cost or other basis and sales expenses
securities $2,406,209
-
7c · Gain or loss
securities $141,116
-
7d · Net gain or loss
total $141,116 · excluded $141,116
-
10a · Gross sales of inventory
$5,271,978
-
10b · Cost of goods sold
$2,579,018
-
10c · Net income from sales of inventory
total $2,692,960 · related or exempt $2,692,960
-
11a · Other revenue: OTHER REVENUE
total $12,379 · excluded $12,379
-
11e · Other revenue, total
$12,379
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $396,788
-
7 · Other salaries and wages
total $3,573,633
-
8 · Pension plan contributions
total $130,981
-
9 · Other employee benefits
total $243,658
-
10 · Payroll taxes
total $290,697
-
11b · Fees: legal
total $180
-
11c · Fees: accounting
total $61,414
-
11f · Fees: investment management
total $53,111
-
11g · Fees: other
total $244,158
-
12 · Advertising and promotion
total $46,930
-
13 · Office expenses
total $359,129
-
14 · Information technology
total $213,820
-
15 · Royalties
total $1,307
-
16 · Occupancy
total $61,447
-
17 · Travel
total $48,773
-
19 · Conferences, conventions and meetings
total $580,871
-
20 · Interest
total $1,512
-
22 · Depreciation, depletion and amortization
total $262,853
-
23 · Insurance
total $69,828
-
24a · Other expenses: PUBLICATION EXPENSE
total $944,055
-
24b · Other expenses: BANK & CREDIT CARD FEES
total $169,909
-
24c · Other expenses: TAXES AND LICENSES
total $25,646
-
24d · Other expenses: REPLACEMENT/LOST/DAMAGE
total $14,990
-
24e · All other expenses
total $51,933
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $837,169 · end of year $254,968
-
2 · Savings and temporary cash investments
beginning of year $1,685,767 · end of year $218,452
-
4 · Accounts receivable
beginning of year $345,913 · end of year $399,880
-
8 · Inventories for sale or use
beginning of year $1,966,649 · end of year $2,227,776
-
9 · Prepaid expenses and deferred charges
beginning of year $118,362 · end of year $150,054
-
10a · Land, buildings and equipment: cost or other basis
$10,122,037
-
10b · Land, buildings and equipment: accumulated depreciation
$7,935,964
-
10c · Land, buildings and equipment, net
beginning of year $2,389,726 · end of year $2,186,073
-
11 · Investments: publicly traded securities
beginning of year $8,680,575 · end of year $11,169,309
-
15 · Other assets
beginning of year $112,407 · end of year $53,234
-
17 · Accounts payable and accrued expenses
beginning of year $631,194 · end of year $758,362
-
19 · Deferred revenue
beginning of year $1,799,359 · end of year $1,400,724
-
23 · Secured mortgages and notes payable
beginning of year $54,556 · end of year $32,084
-
25 · Other liabilities
beginning of year $0 · end of year $23,902
-
27 · Net assets without donor restrictions
beginning of year $13,413,719 · end of year $14,173,745
-
28 · Net assets with donor restrictions
beginning of year $237,740 · end of year $270,929
Mission and programs · 2023
Mission
THE MISSION OF THE MARINE CORPS ASSOCIATION IS TO SUPPORT THE MARINE CORPS BY DISSEMINATING KNOWLEDGE OF MILITARY ART AND SCIENCE AMONG MARINES, PROVIDE OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT FOR MARINES AND TO FOSTER THE SPIRIT AND PRESERVE THE TRADITIONS OF THE KNOWLEDGE OF MILITARY ART AND SCIENCE AMONG MARINES, PROVIDE OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT FOR MARINES AND TO FOSTER THE SPIRIT AND PRESERVE THE TRADITIONS OF THE MARINE CORPS THROUGHOUT THE MARINE CORPS FAMILY.
Activities or mission (Part I)
TO SUPPORT THE MARINE CORPS BY DISSEMINATING KNOWLEDGE OF MILITARY ART & SCIENCE AMONG MARINES.
-
RETAIL OPERATIONS:SINCE THE MARINE CORPS ASSOCIATION IS THE PREMIER PROVIDER OF ALL IN-PRINT BOOKS LISTED ON THE MARINE CORPS PROFESSIONAL READING PROGRAM, IT OPERATES A RETAIL BOOK SERVICE (BOTH ONLINE AND THROUGH BRICK AND MORTAR STORES) FOR THE CONVENIENCE OF MEMBERS IN BUILDING THEIR OWN PROFESSIONAL LIBRARIES. BOOKSTORES ARE LOCATED IN CAMP LEJEUNE, NORTH CAROLINA AND WITHIN THE MARINE SHOP IN QUANTICO, VIRGINIA. IN JULY 2019 THE BOOKSTORE IN CAMP LEJUNE CLOSED. THE MAIL ORDER SERVICE IS LOCATED IN QUANTICO, VIRGINIA, IN THE MARINE CORPS ASSOCIATION HEADQUARTERS. WITH THE PURCHASE OF THE MARINE SHOP IN QUANTICO, VIRGINIA, IN JANUARY 2007, THE MARINE CORPS ASSOCIATION IS NOW ABLE TO OFFER QUALITY UNIFORMS, ACCESSORIES AND SERVICES TO ALL MARINES. THESE PRODUCTS AND SERVICES COMPLEMENT THE MARINE CORPS.
-
PUBLICATIONS AND MEMBERSHIP:THE MARINE CORPS ASSOCIATION PRODUCES TWO MONTHLY PUBLICATIONS, THE "MARINE CORPS GAZETTE AND THE "LEATHERNECK." THE "MARINE CORPS GAZETTE'S" MISSION HAS REMAINED UNCHANGED DURING ITS 104 YEARS OF PUBLICATION: "TO PROVIDE A FORUM FOR THE EXCHANGE OF IDEAS THAT WILL ADVANCE KNOWLEDGE, INTEREST AND ESPRIT IN THE MARINE CORPS". THE "LEATHERNECK MAGAZINE" CONTINUES ITS COMMITMENT TO TELLING THE CORPS' STORY WITH ARTICLES ON ITS ILLUSTRIOUS HISTORY, CURRENT OPERATIONS AND EXERCISES, CONTINUING UPDATES ON THE ORGANIZATION AND EQUIPMENT OF MARINES, AND PLANS FOR THE FUTURE. THESE MAGAZINES ARE OFFERED AS PART OF THE BENEFITS OF MCA MEMBERSHIP.
-
PROFESSIONAL DEVELOPMENT AND AWARDS DINNER:EACH YEAR MCA ADVANCES LEADERSHIP AND RECOGNIZES EXCELLENCE IN MARINES THROUGH DINNERS, LUNCHEONS AND PROFESSIONAL EVENTS. THESE PROFESSIONAL DEVELOPMENT OPPORTUNITIES PROMOTE CAMARADERIE AMONG MARINES AND PROVIDE THE OPPORTUNITY FOR MARINES TO LEARN LEADERSHIP AND MENTORING SKILLS, ACQUIRE ADDITIONAL KNOWLEDGE OF ONGOING OPERATIONS, AND RECEIVE STRATEGIC AND TACTICAL INFORMATION FROM HIGH PROFILE GUEST SPEAKERS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ltgen Charles Chiarotti Usmc RetLTGEN CHARLES CHIAROTTI USMC RET
PRESIDENT & CEO
- Total calculated
- $291,501
- From this org
- $252,292
- From related orgs
- $25,000
- Other
- $14,209
- Hours/week
- 34.5 + 5.5 related
Schedule J breakdown matched by us
- Base
- $225,000 + $25,000 related
- Bonus
- $26,500
- Other
- $792
- Deferred
- $12,500
- Nontaxable benefits
- $1,709
- Filer's total
- $266,501 + $25,000 related
-
Ltgen John Toolan Usmc RetLTGEN JOHN TOOLAN USMC RET
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jay HolmesJAY HOLMES
VICE CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Bryan WoodBRYAN WOOD
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Ltcol Chris Davis Usmc RetLTCOL CHRIS DAVIS USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Mr William Timothy EichornMR WILLIAM TIMOTHY EICHORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Col Bob Love UsmcrretCOL BOB LOVE USMCRRET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Mr Michael MartzMR MICHAEL MARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Col Emily Swain Usmc RetCOL EMILY SWAIN USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Ltgen Mark A BrilakisLTGEN MARK A BRILAKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sgtmaj Robin C FortnerSGTMAJ ROBIN C FORTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Ltcol Wendy GarrityLTCOL WENDY GARRITY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Majgen James KesslerMAJGEN JAMES KESSLER
GOVERNANCE COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sgtmaj Gary SmithSGTMAJ GARY SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Ltcol Jeff SpeightsLTCOL JEFF SPEIGHTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sgtmaj Michael Mack Usms RetSGTMAJ MICHAEL MACK USMS RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Maj Thomas Craig Usmc RetMAJ THOMAS CRAIG USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sgtmaj Stephanie Murphy Usmc RetSGTMAJ STEPHANIE MURPHY USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mr Michael RaioleMR MICHAEL RAIOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mr John ReedMR JOHN REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Col Andrew Starr Usmc RetCOL ANDREW STARR USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Ltgen Richard Zilmer Usmc RetLTGEN RICHARD ZILMER USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Angela HillmanANGELA HILLMAN
DIRECTOR OF FINANCE
- Total calculated
- $142,787
- From this org
- $122,637
- From related orgs
- $12,500
- Other
- $7,650
- Hours/week
- 36 + 4 related
-
Col Christopher Woodbridge Usmc RetCOL CHRISTOPHER WOODBRIDGE USMC RET
PUBLISHER & EDITOR OF THE MARINE CORPS GAZETTE
- Total calculated
- $169,723
- From this org
- $145,356
- From related orgs
- $14,687
- Other
- $9,680
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $132,350 + $14,687 related
- Bonus
- $12,500
- Other
- $506
- Deferred
- $7,977
- Nontaxable benefits
- $1,703
- Filer's total
- $155,036 + $14,687 related
-
Leeann MitchellLEEANN MITCHELL
VP OF EVENTS OF ADVERTISIN
- Total calculated
- $160,453
- From this org
- $137,605
- From related orgs
- $13,681
- Other
- $9,167
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $126,319 + $13,681 related
- Bonus
- $11,000
- Other
- $286
- Deferred
- $3,208
- Nontaxable benefits
- $5,959
- Filer's total
- $146,772 + $13,681 related
-
Col Tim Mundy Usmc RetCOL TIM MUNDY USMC RET
VP OF FOUNDATION OPERATIONS
- Total calculated
- $150,131
- From this org
- $17,400
- From related orgs
- $123,823
- Other
- $8,908
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $17,400 + $114,400 related
- Bonus
- $0 + $9,000 related
- Other
- $0 + $423 related
- Deferred
- $0 + $7,040 related
- Nontaxable benefits
- $0 + $1,868 related
- Filer's total
- $17,400 + $132,731 related
-
Ltcol Marta SullivanLTCOL MARTA SULLIVAN
DIRECTOR OF ENGAGEMENT & OUTREACH
- Total calculated
- $117,710
- From this org
- $112,110
- From related orgs
- $0
- Other
- $5,600
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- CEO COMPENSATION IS DETERMINED BY THE BOARD AT THE TIME OF HIRE. ANY BONUS OR PAY INCREASE IS ALSO DETERMINED BY THE BOARD.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MARINE CORPS ASSOCIATION FOUNDATION
501(C)(3) · TO SUPPORT THE MARINE CORPS · DC · controlled entity
Directly controlled by MARINE CORPS ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442779349301014
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.